You are to complete the June 30 bank reconciliation for Huang, Limited using the following information: a) Outstanding checks: No. 181 $350 No. 184 $300 No. 185 $225 b) Check no. 142 (for Repair Expense) was written for $320 but erroneously recorded in Huang's records as $230. c) Deposit in transit $3,300 d) Note collected by bank as Huang’s agent (no interest) $2,000 e) NSF check ofI.M. Broke.. . $250 f) Bank service charge.. $30 Given: Use the following framework to prepare the bank reconciliation.

You are to complete the June 30 bank reconciliation for Huang, Limited using the following information: a) Outstanding checks: No. 181 $350 No. 184 $300 No. 185 $225 b) Check no. 142 (for Repair Expense) was written for $320 but erroneously recorded in Huang's records as $230. c) Deposit in transit $3,300 d) Note collected by bank as Huang’s agent (no interest) $2,000 e) NSF check ofI.M. Broke.. . $250 f) Bank service charge.. $30 Given: Use the following framework to prepare the bank reconciliation.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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